Our financial goals – hold us to them!
Long before 2016 ended I was already mentally setting financial goals for 2017. Usually I make New Year’s Resolutions but after paying off $18k of student loan debt in 2016, I’ve changed my game. The whole process taught me to look at every dollar coming in and make a plan for it.
I’m not going to share with you where every single dollar of ours is going. However, I will share our general, overall financial goals for this year.
Finance a trip to Japan!
We’ve been thinking about this for a while and in November of 2016 decided to purchase plain tickets to Japan for April! We’re so excited about this trip but we’re also being cautious to not accrue travel-debt. The last thing I want is to come home from the trip of a lifetime with a $5000 credit card balance at 25%APR. We’ve had some pretty heavy medical bills lately, but I still think we can mostly scrape by without piling on the debt.
Finish paying off Alisha’s student loans!
My student loan balance is currently in the neighborhood of $10k. So after Japan, we’re going to be busting tail to finish paying of those student loans. That is an extra $168/month in our pockets and thousands saved on interest. This one should be completely do-able as long as we don’t accrue travel debt from Japan or hit any financial rough spots!
Save and Invest more
Our current savings are at Dave Ramsey’s suggested $1000 because we lived “gazelle intense” in 2016. While I do love Dave’s 7 baby-step program, we want to take advantage of compound interest while we’re young. We’ve kept our 401k’s steadily growing, but once my student loans are paid off, we want to look more into saving and investing in mutual funds and things like that. I know so little right now that educating myself with be part of our financial goals.
I think that it’s important to share your goals with other people. It motivates you to hold yourself accountable to achieving them!
Comment below and share your financial goals for 2017 and what you’ve accomplished so far. We’d love to hear your inspiring stories about your debt free journey!